Mixed use · Phoenix, Arizona
1510 East Bell Road
1510 East Bell Road is financed with a $4.0M CMBS loan at 5.418% that reaches maturity on December 6, 2028, in 2 years and 1 month. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $3,961,248
- Original balance (same notes)
- $4,250,000
- Interest rate
- 5.418% fixed
- Originated
- November 20, 2018
- Maturity
- December 6, 2028
- Payments
- Interest only for 36 months, then amortizing
- Prepayment lockout ends
- October 5, 2028
- Master servicer
- Midland
- Originator
- AREF
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 1510 East Bell Road, Phoenix, AZ 85022
- Metro
- Phoenix-Mesa-Chandler, AZ
- Rentable area
- 89,462 sq ft
- Built
- 1980, renovated 2016
- Largest tenants
- Ride Now Properties; Prime Now (Amazon); Moses Ceramic Coating
- Value at securitization
- $8.9M (Oct 2018)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 1.97x | n/a |
| Occupancy | 97% | n/a |
| Net operating income | $565K | n/a |
Watch flags
Computed from the Morgan Stanley Capital I Trust 2018-H4 filing for the reporting period ending September 11, 2026, filed with the SEC October 2, 2026.
- Largest tenant's lease ends within 12 months
cmbs.news's own rule-based labels on the filed fields (definitions), not a credit rating, a prediction or a view of the borrower.
What the filing shows
- The filing gives Feb 2027 as the lease end date for the largest tenant (Ride Now Properties), before the loan matures. Lenders look hard at that rollover.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $4.0M | Current | No | n/a | n/a |
| August 2026 | $4.0M | Current | No | n/a | n/a |
| July 2026 | $4.0M | Current | No | n/a | n/a |
| June 2026 | $4.0M | Current | No | n/a | n/a |
| May 2026 | $4.0M | Current | No | n/a | n/a |
| April 2026 | $4.0M | Current | No | 3.00x | 80% |
| March 2026 | $4.0M | Current | No | 3.00x | 80% |
| February 2026 | $4.0M | Current | No | 2.96x | 94% |
| January 2026 | $4.0M | Current | No | 2.96x | 94% |
| December 2025 | $4.0M | Current | No | 2.96x | 94% |
| November 2025 | $4.0M | Current | No | 3.06x | 94% |
| October 2025 | $4.0M | Current | No | 3.06x | 94% |
From each trust's ABS-EE filing for that month. Coverage and occupancy change only when the servicer reports new statements. If one trust holding a piece of the loan skipped a month, that month's balance reads low.
Where the loan sits
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| Morgan Stanley Capital I Trust 2018-H4 | 43 | $3,961,248 | Sep 2026 | SEC filing, October 2, 2026 |
Other Phoenix-Mesa-Chandler loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Marina Heights State Farm | Tempe, AZ | Office | $210.0M | 3.56% | Jan 2028 | 2.93x | 100% | Current |
| Scottsdale Fashion Square | Scottsdale, AZ | Retail | $200.0M | 6.214% | Mar 2028 | 2.08x | n/a | Current |
| Liberty Portfolio | AZ | Office | $90.7M | 4.755% | Oct 2028 | 1.75x | 97% | Current |
| Marina Heights | Tempe, AZ | Office | $86.0M | 3.56% | Jan 2028 | 2.99x | 100% | Current |
| PetSmart HQ | Phoenix, AZ | Office | $68.0M | 4.28% | Apr 2028 | 2.28x | 100% | Current |
| Park West Shopping Center | Peoria, AZ | Retail | $58.6M | 7.25% | Jun 2028 | 1.66x | 88% | Current |
| Phoenix Marriott Tempe at the Buttes | Tempe, AZ | Hotel | $56.9M | 5.11% | Oct 2028 | 3.29x | 77% | Current |
| Liberty Center at Rio Salado | Tempe, AZ | Office | $50.0M | 4.755% | Oct 2028 | n/a | n/a | Current |
All loans maturing in 2028 · All Phoenix-Mesa-Chandler loans
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting period ending September 11, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.